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3529-3545 N I-10 Service Rd - Development Site with I-10 Visibility

2.17 - 2.2 Acre Commercial Land Lots Offered at $6,200,000 Per Lot in Metairie, LA 70002

Commercial Land Louisiana Metairie 3529-3545 N I-10 Service Rd, Metairie, LA 70002

Investment Highlights

  • Location and visibility on major interstate corridor
  • Cancelable leases to allow buyer time to plan new concepts
  • Development opportunity in the heart of Metairie

Executive Summary

A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. The owners will consider offers on the entire site or Parcels A and B separately. The 3 story office building situated on Parcel A is currently known as the Crutcher–Tufts Building and contains 30,114 square feet of leasable space. The 1st and 2nd floors are leased to 3 tenants (Enterprise Corporate Office, Stanley Security and State Farm). The 3rd floor is currently vacant. The building on Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provision allowing the owner to cancel the leases with either a 6-month or 12-month notice.
This is a perfect redevelopment opportunity with income in place. The zoning will allow for multi-family, hotel, office, retail or medical uses. Copies of leases, survey and Phase I environmental are available for review. The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase.

Attachments

Crutcher-TuftsFlyer_22.01 v9

Property Facts

Price $6,200,000 - $12,400,000 Property Type Land
Sale Type Investment or Owner User Property Subtype Commercial
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Redevelopment Project
 Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Hospitality
  • Apartment Units
  • Auto Dealership
No. Lots 2 Total Lot Size 4.37 AC
Price $6,200,000 - $12,400,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Redevelopment Project
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Hospitality
  • Apartment Units
  • Auto Dealership
Total Lot Size 4.37 AC

2 Lots Available

Lot Parcel A

Price $6,200,000 Lot Size 2.20 AC
Price Per AC $2,818,182
Price $6,200,000
Price Per AC $2,818,182
Lot Size 2.20 AC

Purchase or Ground Lease a combined 4.37 acre site. Parcel A is 2.20 acres and Parcel B is 2.17 acres. The owners will consider offers on the entire site or Parcels A and B separately.

Lot Parcel B

Price $6,200,000 Lot Size 2.17 AC
Price Per AC $2,857,143
Price $6,200,000
Price Per AC $2,857,143
Lot Size 2.17 AC

Purchase or Ground Lease a combined 4.37 acre site. Parcel A is 2.20 acres and Parcel B is 2.17 acres. The owners will consider offers on the entire site or Parcels A and B separately.

Description

Opportunity for a user or investor to redevelop a large parcel in an area without many development opportunities and high visibility. The property has existing buildings with existing cancelable leases, allowing buyer time to make plans and still receive income in the interim.

Links

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Walk Score ®
Very Walkable (75)
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zoning

Zoning Code BC2
BC2
(504) 831-2363

Contact

  • Listing ID: 26576920

  • Date on Market: 9/7/2022

  • Last Updated:

  • Address: 3529-3545 N I-10 Service Rd, Metairie, LA 70002

The Land Property at 3529-3545 N I-10 Service Rd, Metairie, LA 70002 is currently available for sale. Contact SRSA Commercial Real Estate for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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3529-3545 N I-10 Service Rd, Metairie, LA for sale Primary Photo- Image 1 of 8
3529-3545 N. I-10 Service Rd. - Parcel Size Whole
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 2 of 8
3529-3545 N. I-10 Service Rd. - Area Context Photo 1
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 3 of 8
3529-3545 N. I-10 Service Rd. - Area Context Photo 2
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 4 of 8
3529-3545 N. I-10 Service Rd. - Area Context Photo 3
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 5 of 8
3529-3545 N. I-10 Service Rd. - Leases
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 6 of 8
3529-3545 N. I-10 Service Rd. - Parcel Size A
3529-3545 N I-10 Service Rd, Metairie, LA for sale Building Photo- Image 7 of 8
3529-3545 N. I-10 Service Rd. - Parcel Size B

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3529-3545 N I-10 Service Rd - Development Site with I-10 Visibility
(504) 831-2363 x

3529-3545 N I-10 Service Rd - Development Site with I-10 Visibility

Steven Reisig

(504) 831-2363

(504) 831-2363

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